How does a mixed economy decide what to produce?

Q: Identity 6 characteristics of mixed economy and write extensively on them

A: Mixed Economy A mixed economy is a system in which the government and the private sector work…

Q: Condition that arises because society does not have enough resources to produce all the things…

A: There are mainly three economic problems dealt by each nation. These problems are stated below: a)…

Q: What are the main characteristics of a mixed economy?

A: When talking about types of economy, mixed economy is the economy with characteristics of command…

Q: What is the role of mixed economy?

A: A mixed economy is a type of economic systems like the command economy, private sector economy,…

Q: Why is mixed economy best?

A: The main 3 types of economies are: (a) Command (b) Free market (c) Mixed The difference between the…

Q: What is the economic values?

A: (Q) What is the economic values?

Q: Factors of production

A: The final goods and services served in the market for the consumers. There are some factors that use…

Q: What are economic communities?

A: Answer: Economic communities are formed to promote international trade and economic cooperation…

Q: What are disadvantages of free market economy ?

A: Free Market Economy is the one in which buyers and sellers act in self-interest. It is open for…

Q: Which of the following statements is true regarding a mixed economy? [A] Private property is not…

A: The statement which is true regarding the mixed economy is that Option(c) is correct The government…

Q: Sub-Saharan Africa includes some of the poorest nations in the world. What would you say is the…

A: The reasons that Sub- Saharan Africa includes some of the poorest nations in the world are…

Q: What type of economy is best?

A: There are mainly four types of economic systems: Traditional economic system, command economic…

Q: What are the merits of a mixed economy need only two merits. fast

A: According to the given question So basically the mixed economy is considered as an economy which is…

Q: Economic

A: The given table is:

Q: What can be found in a mixed economy but not in a market economy? A a national economic development…

A: A market economy is an economy where there is private ownership of resources and market forces of…

Q: How does demographic change affect the economy?

A: Answer - Affect of the demographic change on the economy :- 1. Labor force :- The younger…

Q: Which economic system works best for societies?

A: An economic system is a system that determines the production and distribution of goods and…

Q: What is KAYA Identity?

A: KAYA Identity is used to when any climatic project is undertaken.

Q: What determines the answers to the economic questions under a traditional economy?

A: Traditional economy explain 3 questions which are as:- 1 .what to produce? 2. How to produce? 3. For…

Q: What is the opportunity cost of working on the weekends?

A: Opportunity cost is the net best alternative forgone when making a decision between choices.

Q: What drives a free market economy?

A: In a  free-market economy, market forces will run the economy, demand and supply are the market…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: Who owns property in a socialist system?

A: .Socialism is a social and economic theory that advocates public ownership and control of property…

Q: How to identify the economic market structure?

A: Market structure is known as the basis through which different industries in an economy are…

Q: What are the best institutions for achieving economic goals?

A: An institution is a social structure in which people tend to cooperate and also influencing the…

Q: Whom to produce

A: Whom to produce:- This issue revolves around determining the type of people who will consume the…

Q: which parties that can sign the certificate of origin to attest to the origin of the goods?

A: A Certificate of Origin is a document commonly used in international commercial transactions that…

Q: Why does a nation’s standard of living depend on property rights?

A: In any economy, property rights refers to the specfiic ownership rights that are provided to the…

Q: What Is Economic Conditions?

A: Economic Conditions: It is the present condition or state of the economy of a country. This…

Q: Apply the mixed economy as an economic system in Bahrain economy using examples?

A: There are three type of economy one is market exonomy , command economy and mixed economy .  Mixed…

Q: What is mixed economy and what are the features of the mixed economy please explain?

A: A mixed economy is a framework that joins attributes of market, order, and conventional economies.…

Q: How many sectors of economy are there?

A: Economy: It is the system of organizing money, industry, and trade of a country or region.

Q: How does the study of the population affect us as a human beings?

A: Population ecology is the study of how plants, animals and other living things change over time and…

Q: The Development is both Right and Privilege?

A: In Economics, development is the process of creating wealth for the benefit of the community. It's…

Q: What are the advantages of a free market economy?

A: A free market is a type of market economy where prices for all goods and services are regulated in…

Q: What is Economic community?

A: Economic community: When countries around the world are regional ones or in a certain cluster form…

Q: Why does the U.S. fall at the bottom of family leave entitlements in developed countries ?What would…

A: In "new economy" non-standard schedule works are very common. Over the past decade, the amount of…

Q: What is the Opportunity cost of farming ?

A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…

Q: What is the opportunity cost of going to college?

A: Opportunity cost is the next best alternative foregone. Opportunity cost=sacrifice/gain.

Q: What are all the economic market structure and their differences? How to identify the market…

A: Dear Student as you have posted multiple questions, but we can attempt only 1 question at a time…

Q: How can the variables in the local environment help improve the lives of the poor?

A: When talking about enviornmental variables in economics, it includes consumption behavior,…

Q: How population affects the entire economy?

A: Economy refers to the management of the household activities along with the management of market…

Q: Currently, there seems to be a movement toward mixed economic systems in socialist societies. T or…

A: Meaning of Economics: The term economics refers to the situation under which there remains a…